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Top Booming on Biometrics Market | Lockheed Martin, NEC Corporation, Smartmatic, Pradotec, 3M Cogent, BIO-Key International, CMI Time Management, Iris ID

Top Booming on Biometrics Market | Lockheed Martin, NEC

Biometrics Market is expected to grow at a CAGR of over 15% from 2016 to 2023. Increasing usage of these biometric systems for criminal and fraudulent identification is expected to drive the growth in the coming years. Government initiatives to adopt these technology as a robust identification technique will further propel the biometrics market growth.

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North America hold maximum number of shares in biometrics market owing to strong demand in security and government sectors. Companies increasing investment in biometric based security solutions have also contributed to the revenue. Asia Pacific are expected to witness highest growth over the future due to the rising criminal activities.

The technology offers statistical scrutiny of biological data, which is less prone to hacking as compared to password security. The biometrics identify physiological and behavioural characteristics of individuals which are examined to validate the identity an individual. Such factors are contributing to the increased revenue for biometrics market.

The major player operating in the biometrics market includes

o 3M Cogent
o BIO-Key International
o CMI Time Management
o Iris ID
o Lockheed Martin
o NEC Corporation
o Smartmatic
o Pradotec

Growing fraudulent cases across the industries have augmented the importance of these systems in order to maintain data security and privacy thus, increasing the adoption globally. For instance, in 2014 JP Morgan was victim of data breach in which hackers accessed the important data of around 83 million customers. This made the sector more attentive and increased the usage of these system across the industry.

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Some Point from Table of Contents:

Chapter 4. Biometrics Market, By Product
4.1. Global biometrics market share by product, 2016 & 2024
4.2. Face
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Hand geometry
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. Voice
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5. Signature
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013-2024
4.6. Iris
4.6.1. Market estimates and forecast, 2013-2024
4.6.2. Market estimates and forecast, by region, 2013-2024
4.7. AFIS
4.7.1. Market estimates and forecast, 2013-2024
4.7.2. Market estimates and forecast, by region, 2013-2024
4.8. Non-AFIS
4.8.1. Market estimates and forecast, 2013-2024
4.8.2. Market estimates and forecast, by region, 2013-2024
4.9. Others
4.9.1. Market estimates and forecast, 2013-2024
4.9.2. Market estimates and forecast, by region, 2013-2024

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